Increase in funding costs due to higher funding rates
First written in FY2016. 18 of 36 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-08-06.
Asax moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 10 of 30 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- 2026-08-06MaterialisedEarnings
「Financial expenses increased by ¥97.654 million, or 47.2%, year on year, mainly because interest expense increased as a result of a 12.5% year-on-year increase in the average borrowings during the period and a rise in the average funding rate.」
Financial expenses increased 47.2% year on year due to increases in average borrowings and the average funding rate. - FY2026Average funding rate of 1.50% disclosedAnnual report
「Borrowings from financial institutions and others 73,665,531 1.50」
The disclosure reports borrowings outstanding from financial institutions and others of ¥73,665.531 million and an average funding rate of 1.50%. These are figures for the first year of consolidation, and no comparison with the previous consolidated fiscal year is provided. - FY2026-H1Disclosure of interim-period financial expenses and average funding rateAnnual report
「Financial expenses 417,897 Borrowings from financial institutions and others 66,637,899 1.27」
The disclosure reports financial expenses of ¥417.897 million, borrowings outstanding from financial institutions and others of ¥66,637.899 million, and an average funding rate of 1.27%. The figures are presented on a consolidated interim basis for the first time, with no year-on-year comparison. - FY2025MaterialisedAnnual report
「Financial expenses increased by ¥149.950 million (33.0%) from the previous fiscal year, mainly due to higher interest payments accompanying increases in borrowings outstanding and the average borrowing rate.」
Financial expenses increased 33.0% as the average borrowing rate rose and borrowings outstanding increased, with the resulting impact related to the risk of rising funding rates appearing in the actual results. - FY2025-H1Increase in financial expenses (increase in borrowings outstanding)Annual report
「Financial expenses increased by ¥49.250 million (23.4%) year on year due to higher interest payments resulting from the 8.6% increase in average borrowings outstanding during the period, among other factors.」
Financial expenses increased 23.4% year on year due to higher interest payments accompanying the 8.6% increase in average borrowings outstanding during the period, among other factors. - FY2024Increase in financial expenses (increase in borrowings outstanding)Annual report
「Financial expenses increased by ¥75.638 million (20.0%) from the previous fiscal year, mainly due to higher interest payments accompanying the 26.7% increase in average borrowings outstanding during the period.」
Financial expenses increased 20.0%. The primary factor was higher interest payments accompanying the 26.7% increase in average borrowings outstanding during the period, and the disclosure does not state that the increase was caused by rising interest rates. - FY2024-Q3Increase in financial expenses (increase in borrowings outstanding)Annual report
「Financial expenses increased by ¥92.617 million (34.0%) year on year, mainly due to higher interest payments accompanying the 30.3% increase in average borrowings outstanding during the period.」
Financial expenses increased 34.0% year on year, mainly due to higher interest payments accompanying the 30.3% increase in average borrowings outstanding during the period. - FY2024-Q2Increase in financial expenses (increase in borrowings outstanding)Annual report
「Financial expenses increased by ¥65.957 million (41.2%) year on year due to higher interest payments resulting from the 36.1% increase in average borrowings outstanding during the period, among other factors.」
Financial expenses increased 41.2% year on year. The primary factor identified is higher interest payments accompanying the 36.1% increase in average borrowings outstanding during the period, among other factors. The disclosure does not state that the increase was caused by rising interest rates. - FY2024-Q1Increase in financial expenses (increase in borrowings outstanding)Annual report
「Financial expenses increased by ¥34.010 million (44.0%) year on year due to higher interest payments resulting from the 37.6% increase in average borrowings outstanding during the period, among other factors.」
Financial expenses increased 44.0% year on year. The primary factor identified is higher interest payments accompanying the 37.6% increase in average borrowings outstanding during the period. - FY2023Increase in financial expensesAnnual report
「Financial expenses increased by ¥45.581 million (13.3%) from the previous fiscal year, as interest payments increased with the growth in interest-bearing debt, among other factors, despite a decrease in fees related to financing.」
Financial expenses increased 13.3% due to higher interest payments accompanying the increase in interest-bearing debt, among other factors. The disclosure does not state that the increase was caused by rising interest rates. - FY2023-Q3Increase in financial expensesAnnual report
「Financial expenses increased by ¥11.675 million (4.5%) year on year,」
Financial expenses increased 4.5% year on year. This disclosure does not identify rising interest rates as the cause of the increase. - FY2023-Q2Increase in financial expensesAnnual report
「Financial expenses increased by ¥22.150 million (16.1%) year on year,」
Financial expenses increased 16.1% year on year. This disclosure does not identify rising interest rates as the cause of the increase. - FY2023-Q1Increase in financial expensesAnnual report
「Financial expenses increased by ¥8.594 million (12.5%) year on year,」
Financial expenses increased 12.5% year on year. The cause of the increase is not identified in this disclosure as rising interest rates. - FY2022Increase in financial expensesAnnual report
「Financial expenses increased by ¥73.450 million (27.3%) from the previous fiscal year due to the recognition of fees related to financing, among other factors.」
Financial expenses increased 27.3% from the previous fiscal year due to the recognition of fees related to financing, among other factors. The disclosure does not state that the increase was caused by rising interest rates. - FY2022-Q3Increase in financial expensesAnnual report
「Financial expenses increased by ¥58.418 million (28.8%) year on year due to the recognition of fees related to financing, among other factors.」
Financial expenses increased 28.8% year on year. The disclosure identifies the recognition of fees related to financing, among other factors, as drivers of the increase, and does not state that it was caused by rising interest rates. - FY2022-Q2Increase in financial expensesAnnual report
「Financial expenses increased by ¥2.897 million (2.1%) year on year,」
Financial expenses increased 2.1% year on year. An increase is evident, but the disclosure does not state that it was caused by rising interest rates. - FY2022-Q1Increase in financial expensesAnnual report
「Financial expenses increased by ¥726 thousand (1.1%) year on year,」
Financial expenses increased 1.1% year on year. An increase is evident, but the disclosure does not state that it was caused by rising interest rates. - FY2021MitigatedAnnual report
「Financial expenses decreased by ¥29.400 million (9.8%) from the previous fiscal year, as the average interest-bearing debt outstanding during the period increased 3.4% from the previous fiscal year, but the average funding rate declined.」
Despite the increase in average interest-bearing debt outstanding, financial expenses fell 9.8% due to the lower average funding rate, limiting the impact of the risk of rising funding rates. - FY2021-Q3MitigatedAnnual report
「Financial expenses decreased by ¥21.303 million (9.5%) year on year, as the average interest-bearing debt outstanding during the period increased 5.1% from the same quarter of the previous year, but the average funding rate declined, among other factors.」
Despite the increase in average interest-bearing debt outstanding during the period, financial expenses fell 9.5% year on year due to the lower average funding rate, limiting the impact of the risk of rising funding rates. - FY2021-Q2MitigatedAnnual report
「Financial expenses decreased by ¥14.404 million (9.6%) year on year, as the average interest-bearing debt outstanding during the period increased 5.7% from the same quarter of the previous year, but the average funding rate declined, among other factors.」
Despite the increase in average interest-bearing debt outstanding during the period, financial expenses fell 9.6% year on year due to the lower average funding rate, limiting the impact of the risk of rising funding rates. - FY2021-Q1MitigatedAnnual report
「Financial expenses decreased by ¥8.444 million (11.0%) year on year, as the average interest-bearing debt outstanding during the period increased 6.4% from the same quarter of the previous year, but the average funding rate declined, among other factors.」
Despite the increase in average interest-bearing debt outstanding during the period, financial expenses fell 11.0% year on year due to the lower average funding rate, limiting the impact of the risk of rising funding rates. - FY2020MitigatedAnnual report
「Financial expenses decreased by ¥48.903 million (14.0%) from the previous fiscal year, as the average interest-bearing debt outstanding during the period increased 0.3% from the previous fiscal year, but the average funding rate declined.」
Despite a slight increase in average interest-bearing debt outstanding, financial expenses fell 14.0% due to the lower average funding rate, limiting the impact of the risk of rising funding rates. - FY2020-Q3MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 2.7% year on year, and, as the average funding rate also declined, financial expenses decreased by ¥44,159 thousand, or 16.4%, year on year.」
Financial expenses fell 16.4% year on year due to lower average interest-bearing debt and a lower average funding rate, limiting the impact of the risk of rising funding rates. - FY2020-Q2MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 5.7% year on year, and financial expenses decreased by ¥38,109 thousand, or 20.2%, year on year, as the average funding rate also declined.」
The declines in average interest-bearing debt outstanding and the average funding rate reduced financial expenses by 20.2% year on year, limiting the impact of the risk of higher funding rates. - FY2020-Q1MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 8.1% year on year, and financial expenses decreased by ¥21,193 thousand, or 21.7%, year on year, as the average funding rate also declined.」
The declines in average interest-bearing debt outstanding and the average funding rate reduced financial expenses by 21.7% year on year, limiting the impact of the risk of higher funding rates. - FY2019MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 7.6% from the previous fiscal year, and, as the average funding rate also declined, financial expenses decreased by ¥93,555 thousand, or 21.1%, year on year.」
The declines in average interest-bearing debt outstanding and the average funding rate reduced financial expenses by 21.1% from the previous fiscal year, limiting the impact of the risk of higher funding rates. - FY2019-Q3MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 6.6% year on year, and, as the average funding rate also declined, financial expenses decreased by ¥71,773 thousand, or 21.0%, year on year.」
The declines in average interest-bearing debt outstanding and the average funding rate reduced financial expenses by 21.0% year on year, limiting the impact of the risk of higher funding rates. - FY2019-Q2MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 4.1% year on year, and financial expenses decreased by ¥43,232 thousand, or 18.7%, year on year, as the average funding rate also declined.」
The declines in average interest-bearing debt outstanding and the average funding rate reduced financial expenses by 18.7% year on year, limiting the impact of the risk of higher funding rates. - FY2019-Q1MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 1.9% year on year, and financial expenses decreased by ¥22,167 thousand, or 18.5%, year on year, as the average funding rate also declined.」
The declines in average interest-bearing debt outstanding and the average funding rate reduced financial expenses by 18.5% year on year, limiting the impact of the risk of higher funding rates. - FY2018-Q3MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 4.1% year on year, and financial expenses decreased by ¥103,407 thousand, or 23.3%, year on year, as the average funding rate also declined.」
The declines in the average funding rate and average interest-bearing debt outstanding reduced financial expenses by 23.3% year on year, limiting the impact of the risk of higher funding rates. - FY2018-Q2MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 4.9% year on year, and financial expenses decreased by ¥72,673 thousand, or 23.9%, year on year, as the average funding rate also declined.」
The declines in the average funding rate and average interest-bearing debt outstanding reduced financial expenses by 23.9% year on year, limiting the impact of the risk of higher funding rates. - FY2018-Q1MitigatedAnnual report
「Average interest-bearing debt outstanding during the period decreased 4.6% year on year, and financial expenses decreased by ¥36,236 thousand, or 23.2%, year on year, as the average funding rate also declined.」
The decline in the average funding rate, among other factors, reduced financial expenses by 23.2% year on year, limiting the impact of the risk of higher funding rates. - FY2017-Q3MitigatedAnnual report
「Although average interest-bearing debt outstanding during the period increased 6.6% year on year, financial expenses decreased by ¥93,969 thousand, or 17.4%, year on year, due in part to the decline in the average funding rate.」
The decline in the average funding rate reduced financial expenses by 17.4% year on year, limiting the impact of the risk of higher funding rates. - FY2017-Q2MitigatedAnnual report
「Although average interest-bearing debt outstanding during the period increased 6.4% year on year, financial expenses decreased by ¥66,177 thousand, or 17.9%, year on year, as a result of the decline in the average funding rate.」
The decline in the average funding rate reduced financial expenses by 17.9% year on year, limiting the impact of the risk of higher funding rates. - FY2017-Q1MitigatedAnnual report
「Although average interest-bearing debt outstanding during the period increased 5.7% year on year, financial expenses decreased by ¥27,760 thousand, or 15.1%, year on year, as a result of the decline in the average funding rate.」
The decline in the average funding rate reduced financial expenses by 15.1% year on year, limiting the impact of the risk of higher funding rates during the quarter. - FY2016First statedAnnual report
「If funding costs rise in the future due to higher interest rates, this may affect the company's financial position and operating results.」
The company describes the impact of higher interest rates on funding costs and operating results.